Peertv Share Discussion Threads

[letmepass] 19/10/2015 11:24

Yorkville out, sold 22%..this will go far

[letmepass] 19/10/2015 11:16

Nearly half shares traded... Huge volume... Is this the next big riser

[sunnyboy25] 16/10/2015 18:37

Billions of shares have been traded since last Friday, they can't be all sells... so could it be someone is accumulating at these levels?

;)

[sunnyboy25] 16/10/2015 18:28

bozzy_s,

Out of this $5m, I understand more than $3m belongs to Digitek...

Moving forward there are plenty of options for the company IMHO:

1) pay off Digitek debt with Digitek equity

2) default (effectively I understand saying Goodbye to Digitek but Digitek only)

3) something else

BTW Too much Digitek in RNSs recently...I am sorry but where is an update on Peer tv plc oders?

-----------------------------------------------------------------------

From 22 June 2015 RNS:

"Since 2012, Digitek has raised in total approximately £2.1 million through the issue of secured loan notes in two denominations: twelve months with annual interest of 12% and six months with annual interest of 9.6%. As at today's date, approximately £1.95 million (representing £1.8 million principal amount and £0.15 million in accrued interest) is owed to the Secured Loan Noteholders."

[bozzy_s] 16/10/2015 15:00

Trouble is SunnyBoy25, shareholders don't have any influence whatsoever.

The company has a deficit of over $5m, whilst the market cap is just £0.2m. Therefore shareholders don't have any say at all in what happens. All the power is with the company's creditors. They call all the shots. The equity is worthless.

[1savvyinvestor] 16/10/2015 13:30

insane to buy this share. Very simple.

[sunnyboy25] 16/10/2015 12:52

The bid is dropped at earliest opportunity...I guess 0.01p/0.015p or 0.01p/0.02p has been an agenda since morning! LOL

Let's see what's next!

[sunnyboy25] 16/10/2015 12:38

Trev, enough is enough...IMO it's finally time for some shareholder action...just stop believing in jam tomorrow!

I guess it's no point to give them ANY chance to buy some time either! I would be even happier if we have an EGM instead of GM! LOL

[123trev] 16/10/2015 11:43

Lol,well recently even the board here have been honest in their approach,ie,where going to skank the pants off all you degenerate gamblers who can't read or add up,what it's going to take here for folks to wake up!

[sunnyboy25] 16/10/2015 10:55

SidJameslaugh, yeah I guess "old" moaning shareholders that's an issue lol, ideally you need shareholder turnover...new ones with lower average believing yam tomorrow allowing more time to be bought for...LOL

[sunnyboy25] 16/10/2015 10:51

The so called "turnaround plan" had almost 5 months...well share price dropped -95% , no significant orders announced....personally I see no point waiting further or giving this BoD another chance...they had enough time to communicate their plans & strategy for 2015 / 2016, sell Speech stake instead of diluting shareholders etc etc

[sunnyboy25] 16/10/2015 10:43

Ah proposed share consolidation...and that's a day after extending SEDA with YA!!!

What's next? I really hope not a CSS agreement extension! LOL

In my HUMBLE opinion the only party that benefit this consolidation is Convertible Note facility - the share price can't drop below 0.01p otherwise trading stops and even the smallest draw down at 0.01p could pose a risk to gather over 30% of shares in issue as a result....LOL

:)

[sunnyboy25] 15/10/2015 18:49

bozzy_s, well what you say might be true however remember that negative past performance is no guarantee of doomed future either...

If inefficiency lies in an incompetence then that's not the toughest issue to address...in my opinion ofcourse! LOL

;)

[bozzy_s] 15/10/2015 16:58

Check out my post on director salaries at PTV (#3494)

In each year the company made a net loss, and, astonishingly, a gross loss. Can't remember anyone ever doing that before, whether a plc, a limited company, a partnership or a sole trader (back in my accountancy days). Never seen 4 consecutive years of gross losses.

To 'achieve' that is to effectively buy a load of laptops in PC World for 300 pounds each, and flog 'em on Ebay for 200.

And the directors rewarded this performance by paying themselves:

2011: $386,000

2012: $365,000

2013: Unknown (error on PTV's corporate website shows 2013 interims twice, no final results with note of director earnings)

2014: $332,000

2015: TBC


This doesn't include share options, related party transactions, etc where directors may have earned loan interest for example.

Whilst the directors have earned a combined $1.6m approximately, shareholders have seen the share price drop from 1200p to 0.015p, a fall of 1199.985p or 99.999%.

An investment of £10,000 in 2011 is today worth 12 pence.

This shares a special place with PAA - which also has a horrendous history of loss making and endless placings. PAA's share price dropped from approx 8 billion pence equivalent in 2000 to 12p today. But I think there were share consolidations along the way to explain that drop of 99.9999999%.

And despite this history of total destruction, there are still one or two fools who'll happily buy either stock. Absolutely crazy in the head!

[sunnyboy25] 15/10/2015 11:25

From recent HY report:

General and administrative in 30 June 2015 (880,000)...I understand an increase in a loss since 30 June 2014 - (539,000)

What are we paying these for? I really hope NOT just for multitude of Equity issue RNS?

[sunnyboy25] 15/10/2015 09:38

Reading today's RNS...In my humble opinion that Bod is not effective and should be replaced...it's another order the company is unable to complete on time....and that's from an Israeli developer!

On a positive side I guess the financing has been sorted for now...

;)

[badhshah] 15/10/2015 09:19

People should never buy or sell by reading posts on BBs. You should only be here if you believe in products that company has to sell. Today's news is great news for the survival of the company. This deal has given this company a new life and a plenty of time to sell its products. If you believe in its products then you buy, otherwise not to do so. For the past investors, I am afraid they have lost their more or less entire investments. I feel sorry for them. But reality is that today company has got a new life and time to become a profitable business. I hope new people who were brought to turn it round will do a good job.

[still waiting] 15/10/2015 08:07

this does have all the hallmarks.

[sidjameslaugh] 15/10/2015 07:52

Not often I agree with you Stig, but with that you are spot on. This is my best bit '$171,000 under the Convertible Note Agreement announced on 10 February 2015. The Company will receive $107,200'. WTF. Borrow $171k and get $107. Awesome agreement if you are lending.

Anyway, just passing through and wouldn't touch this with Stig's barge pole :)

[the stigologist] 15/10/2015 07:47

That might be a good thing

[sidjameslaugh] 15/10/2015 07:44

Without punters there would be no AIM.